ams and Wise Road Capital announced that they have signed an agreement to create a joint venture to advance the development and sales of environmental, flow and pressure sensor solutions for the global market. Under the agreement, employees, IP, sensor products and solutions and related customers will transfer from ams to the joint venture, while Wise Road Capital will provide its expert joint venture guidance, deep market knowledge and strength in channel and customer relationships, especially in China. ams will transfer its current environmental sensor solution portfolio covering air quality, relative humidity and temperature sensing, which are used in automotive, smart building and air quality monitoring infrastructure applications. In addition, the ams ultrasound-based flow sensor solutions, where ams holds a market leadership position in smart metering solutions for utilities, will become part of the new company portfolio. Wise Road Capital in turn will advise the new company, opening up its extensive network and resources from well-known global industry partners, covering Automotive, Telecommunication, Industrial Control and Home Appliance companies.

The new company, which will be headquartered in the Netherlands, will be led by Stefan Raible who will serve as Managing Director. Stefan is currently General Manager of the Environmental Sensors business at ams and was the former CEO of Applied Sensors, which was acquired by ams in 2014.